SHANGHAI, Jul. 24 (SMM) – SMM #1 nickel prices were quoted between RMB 129,000-129,500/mt, with trading mainly made in the morning. Prices 1408 nickel contracts on the Wuxi electronic trading fell to RMB 128,600-129,100/mt in the afternoon, with traded prices down to RMB 129,400/mt and transactions quiet. Trades were mainly made below 100 mt, and end-user demand was soft. Jinchuan Group raised nickel prices by RMB 500/mt to RMB 129,500/mt, and were actively selling.